Sugon(603019)2024-04-25 09:47Financial Performance - The company's operating revenue for Q1 2024 was CNY 2,478,641,535.71, representing a year-on-year increase of 7.86%[3] - The net profit attributable to shareholders for the same period was CNY 142,577,605.46, reflecting an increase of 8.86% compared to the previous year[3] - The net profit attributable to shareholders after deducting non-recurring gains and losses was CNY 56,619,262.75, which is a 16.00% increase year-on-year[3] - Total operating revenue for Q1 2024 reached ¥2,478,641,535.71, an increase of 7.85% compared to ¥2,297,997,842.11 in Q1 2023[23] - Net profit for Q1 2024 was ¥131,396,523.44, a decrease of 13.96% from ¥152,904,810.69 in Q1 2023[24] - The company reported a total comprehensive income of ¥129,655,202.36 for Q1 2024, down from ¥151,913,745.48 in Q1 2023[24] Assets and Liabilities - The total assets at the end of Q1 2024 amounted to CNY 31,894,702,480.93, up 0.88% from the end of the previous year[4] - As of March 31, 2024, the company's total assets amounted to RMB 31,894,702,480.93, an increase from RMB 31,615,458,539.32 as of December 31, 2023, reflecting a growth of approximately 0.88%[19] - The total liabilities as of Q1 2024 were ¥12,278,054,780.98, slightly up from ¥12,134,670,654.24 in Q1 2023[20] - The total current liabilities decreased from RMB 3,000,000,000 to RMB 2,800,000,000, reflecting a reduction of about 6.67%[19] Cash Flow - The company's cash flow from operating activities showed a net outflow of CNY 493,551,141.49, indicating a significant change in cash management[3] - Cash flow from operating activities in Q1 2024 was ¥3,659,402,093.13, significantly higher than ¥2,156,786,021.22 in Q1 2023, marking an increase of 69.56%[26] - The net cash flow from operating activities was -225.87 million in the previous year, indicating a significant increase in cash outflow[27] - Total cash outflow from operating activities reached 2.38 billion year-over-year[27] - Cash flow from investing activities showed a net outflow of -341.23 million in the same quarter last year, reflecting improved investment management[27] - Cash flow from financing activities resulted in a net outflow of -76.20 million in the previous year[27] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 260,058[10] - The top shareholder, Beijing Zhongke Suanyuan Asset Management Co., Ltd., holds 239,388,281 shares, accounting for 16.36% of the total shares[11] - The company has not reported any changes in the top 10 shareholders or their shareholding percentages compared to the previous period[15] Operational Metrics - The company's cash and cash equivalents decreased to RMB 6,424,303,358.75 from RMB 7,193,336,282.69, representing a decline of about 10.67%[18] - Accounts receivable increased to RMB 2,957,022,042.41 from RMB 2,528,982,167.67, marking a rise of approximately 16.91%[18] - Inventory decreased to RMB 3,158,774,217.99 from RMB 3,430,001,372.21, indicating a reduction of about 7.91%[18] - The company reported a significant increase in contract liabilities to RMB 790,300,716.93 from RMB 567,246,668.56, which is an increase of approximately 39.38%[19] Investment and R&D - Research and development expenses for Q1 2024 totaled ¥363,343,338.86, up from ¥294,469,281.78 in Q1 2023, indicating a growth of 23.39%[23] - The company's long-term equity investments increased to RMB 6,991,176,132.61 from RMB 6,909,213,796.46, showing an increase of approximately 1.18%[19] - The company has initiated a new strategy for market expansion through the development of new technologies and products, although specific details were not disclosed in the report[16] Cost Management - Total operating costs for Q1 2024 were ¥2,402,999,984.41, up from ¥2,218,317,309.54 in Q1 2023, reflecting a year-over-year increase of 8.25%[23] - The cash paid for employee compensation was 552.71 million in the previous year, indicating a rise in labor costs[27] - The cash paid for taxes was 259.36 million year-over-year, reflecting increased tax obligations[27]